It went up but failed to deliver eps growth- if you look at the performance over the last few years- despite big cost cuts, small increases in production there is no real growth matching the growth multiples that were priced in imo, hence head winds moving the price up
Compare it to other gold
Companies in Australia and it valuation seems way way out there- and a headwind to further sustained gains imv
NCM Price at posting:
$21.86 Sentiment: None Disclosure: Not Held
